Negociant Leases Retail Space At 837 Seventh Avenue In Hell's Kitchen
837 7th Avenue, New York City, New York 10019, United States
Building Size
1,090 SF
Asset Type
Retail
Closing
Dec 28, 2021
AI
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Asking Rent: $308/ft.
- Square Footage: 1,090
- Address: 837 Seventh Avenue
- Market: Hell's Kitchen
Negociant has leased a retail space located at 837 Seventh Avenue in Hell's Kitchen. The lease was facilitated by Yoni Hadar from Meridian Retail Leasing, representing the tenant, and Edel Family Management Corp., the landlord. The lease transaction involved an asking rent of $308 per square foot for a space measuring approximately 1,090 square feet.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93